He also writes about stocks for Kiplinger and has been a senior contributor focusing on consumer technology for Forbes since 2015. placed an order for 950 electric delivery vans, bidding for a contract with the U.S. In fact, Tesla Model 3 was recently approved as the first all-electric car to be used as an official New York City yellow cab. And that sounds like the right bet to make. EVs also have a major green component that’s increasingly a factor as climate change becomes a pressing issue. Seemingly setting new records every day, TSLA stock comes with a high valuation. Because this company has “Tesla of Trucks” written all over it. Article printed from InvestorPlace Media, https://investorplace.com/2020/09/7-electric-car-stocks-to-buy-for-a-big-ev-boom/. The rumors have already pushed GM stock up in August. As suppliers to the electric car market each of these companies will benefit from the growth of that market, regardless of which of the big automakers succeed in grabbing the largest share. Workhorse and its market don’t catch the public eye the way Tesla does, but its niche has the potential to be an extremely lucrative one. Alexandra Pankratyeva 15:40, 2 July 2019 Analysis. 2020 InvestorPlace Media, LLC. Where things get interesting for investors is the potential for GM to spin off its EV business. It’s a confluence of tailwinds that will spark a once-in-a-lifetime transportation revolution — and ultimately make electric vehicles ubiquitous by the end of the decade.

That makes Panasonic one of the best electric car stocks to buy.

The premium EV maker went in reverse in 2019. Why? At the same time, the company will continue to push deeper into Europe, establish a premium leadership position in China and eventually makes its way into Latin America. But even with shares currently trading at the $30 range, that prediction suggests huge upside for GM stock. TSLA stock is up almost 500% so far in 2020, and that rapid growth is boosting the entire industry. Over the next decade, this shift will only accelerate as battery tech improves driving ranges, battery charging infrastructure expands, consumer demand pivots, automobile production capacity makes a similar pivot, battery and electric vehicle prices come down, and public and private pressure to cut carbon emissions escalates. The company intends to first service the commercial market with electric and hydrogen delivery trucks, and then the consumer market with electric and hydrogen pick-up trucks. As it does over the next several years, Kandi’s growth narrative will reaccelerate and beaten-up KNDI stock — which has fallen from $20 to $3 in six years — will rebound with vigor. The company’s losses widened.

Last, but not least, on this list of electric car stocks to buy for the next 10 years is Chinese EV maker and parts supplier Kandi Technologies. For traders News and features Analysis Top 3 electric car stocks to watch and invest in . Over the past year, the KraneShares Electric Vehicle and Future Mobility ETF (NYSEARCA:KARS) is up nearly 30%, versus a mere 5% gain for the S&P 500. That baseline estimate has increased from the firm’s estimate of between 5% and 6% last year, as the car manufactures have significantly increased spending on electric vehicles in recent months. In any event, all of that means that Kandi’s core technology is coming back into vogue in China. The Deliverator is a three-wheel, compact delivery EV aimed at optimizing last-mile delivery logistics by improving speed and cutting costs. WKHS stock leapt in July and remains near record highs as anticipation builds.

The company’s adjusted net loss narrowed by more than 40% in the first quarter. Demand for Nio’s vehicles plunged.

The potential for that performance to continue makes it one of the hottest electric car stocks to buy. Biotech and pharmaceutical companies are seeing an unprecedented boom in 2020. Then there’s Arcimoto’s commercial-oriented products, the Deliverator and the Rapid Responder. Best known as the company which pioneered the EV battery swap model — which simply involves replacing an EV battery once it’s drained — Kandi was once considered a leader in China’s EV market. China hasn’t.

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